Which of the Following Skills Tend to Be More Important

question 17

Multiple Choice

Which of the following skills tend to be more important for first-line managers since they manage employees who produce the organization's product?

• A) human
• B) technical
• C) conceptual
• D) empirical

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Definitions:

Net Operating Income

Income from a company's operations, calculated by subtracting operating expenses from operating revenue, excluding income and expenses from non-operating activities.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue, indicating the efficiency of a company in managing its production and labor costs.

Net Operating Income

A company's revenue minus its operating expenses, excluding taxes and interest, providing a measure of profitability from its core business activities.

Variable Costing

An accounting method in which variable production costs are included in product costs, while fixed overhead costs are treated as period expenses.